« previous next »
Pages: [1]

Author Topic: 10,000 shillings doesn't last in Kenya  (Read 1958 times)

Offline Georgesoros

  • Moderator
  • Enigma
  • *
  • Posts: 4716
  • Reputation: 7043
10,000 shillings doesn't last in Kenya
« on: March 23, 2016, 03:36:58 PM »
Go out to eat, gas your car, and the money is gone.

Offline Globalcitizen12

  • VIP
  • Enigma
  • *
  • Posts: 1869
  • Reputation: 2875
Re: 10,000 shillings doesn't last in Kenya
« Reply #1 on: March 23, 2016, 04:45:19 PM »
inflation at 15% annually so this means purchasing power is depreciating at the same rate. even at 7% and incomes staying flat or only moving up a bit. You need to grow income in Kenya at 10% just to keep up with rising prices

Offline Georgesoros

  • Moderator
  • Enigma
  • *
  • Posts: 4716
  • Reputation: 7043
Re: 10,000 shillings doesn't last in Kenya
« Reply #2 on: March 23, 2016, 08:03:10 PM »
Quote from: Globalcitizen12 on March 23, 2016, 04:45:19 PM
inflation at 15% annually so this means purchasing power is depreciating at the same rate. even at 7% and incomes staying flat or only moving up a bit. You need to grow income in Kenya at 10% just to keep up with rising prices

You can't attract investors at this rate.
Pages: [1]
« previous next »